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GLOBAL MARKETS-Asian stocks fall as China manufacturing data disappoints – Agricultural Products



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* MSCI Asia ex-Japan -0.7 percent

* Shots made in China of the above expectations

* Japan markets closed, the Emperor is preparing to abdicate

* Asian stock markets: tmsnrt.rs/2zpUAr4

Andrew Galbraith

Shanghai, May 30 (Reuters) – Stocks fell in Asia Tuesday as evidence of China's manufacturing activity fell short of expectations, underscoring the weakness in the second largest economy in the world, despite Beijing's attempts to stimulate growth.

Both official and private business research point to slower growth of the Chinese factory this month, dashing hopes for a stable reading, or even faster expansion. The data also showed a slower expansion in the sector of services, adding to the economic uncertainty.

The dollar index MSCI China shares fell 0.8 percent. But Chinese blue chips in the Shanghai and Shenzhen have retained loss of checks, lost less than 0.1 percent, as investors hope for further support measures to support the economy.

Weak production figures suggest "an incentive to stay there," said Francis Cheung, head of macro strategy for Asia at Westpac. Optimistic data for March prompted some analysts to scale back expectations of further support measures.

The broadest gauge MSCI Equity Asia-Pacific region outside Japan was 0.7 percent. Korean stocks led losses for the region, falling by 1.3 percent.

Australian shares fell 0.6 per cent.

Japan's financial markets are closed for a national holiday, as Japanese Emperor Akihito prepares to abdicate on Tuesday in favor of his eldest son, Crown Prince Naruhito.

Even before the Chinese data, Asian investors shrugged off cautious gains on Wall Street overnight, which raised the S & P 500 index to an intraday record high of 2,949.52. The index finished up 0.11 percent at 2,943.03 record high close.

Nasdaq gained 0.19 percent to 8,161.85, and the record closing high, while the Dow Jones dragged growth to 26,554.39 at 0.04 percent.

Quiet start to the week in world equity markets are ahead of two days on the policy of the Federal Open Market Committee meeting. The Committee intends to release its latest statement at 2 pm EDT (1800 GMT) on Wednesday.

The Fed is expected to leave interest rates unchanged, as it seeks to balance sustainable growth with low inflation.

In the latest killing of sending mixed signals to the Fed data, US consumer spending rose at its fastest pace in more than 9-1 / 2 years in March, but the core personal consumption expenditures (PCE), the bank acts as a measure of inflation, it includes the smallest annual growth 14 months.

"We expect that the dovish tones from the central bank to continue in the foreseeable future. Given the evidence of renewed growth, it is very positive for risky assets, "ANZ analysts said in a morning note.

Access to the US benchmark 10-year Treasury notes fell back to 2527 percent as of 2330 GMT Tuesday after growth until the end of 2536 percent on Tuesday on strong consumer spending data.

Two years out, watching the meter rate expectations rise, was 2.2942 percent at the end of trading in New York, from the closing of the US 2,298 percent Tuesday.

In the currency market, the dollar was down 0.05 percent against the yen to 111.55, while the euro remained virtually unchanged at $ 1.1184.

The dollar index, which tracks the greenback against a basket of six major rivals, also unchanged, holding at 97,852.

While other currencies remained stable, the dollar jumped 0.4 percent against the Korean won to 1,163.33.

"Won a & # 39 is also the risk of trade-sensitive, and as such he is suffering," said Cheng at Westpac.

"Upward pressure on USD / Asia is likely to remain, before we see some improvement in the economic situation (in China)," she added.

Oil prices were lower after edging higher on Monday, as markets tried to rally to restore interrupted by calls from US President Donald Trump that OPEC will increase productivity.

Untreated US fell 0.2 percent to $ 63.37 a barrel, while Brent crude fell 0.4 percent to $ 71.75.

Gold showed some sparkle after plunging on Tuesday in the US data. Spot gold rose 0.2 percent to $ 1,282.06 an ounce.

Reporting by Andrew Galbraith; Additional reporting by Winni
Zhou; Editing Kim Coghill

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